Article ID: | iaor19951297 |
Country: | Netherlands |
Volume: | 37 |
Issue: | 2/3 |
Start Page Number: | 177 |
End Page Number: | 187 |
Publication Date: | Dec 1994 |
Journal: | International Journal of Production Economics |
Authors: | Sung C.S., Lim S.K. |
This paper considers an activity scheduling problem for a project where cash inflows and outflows are given and availability restrictions are imposed on capital and renewable resources. The objective of the problem is to maximize the net present value of the project. Resource-duration interactions are considered in analyzing the problem. A two-phase heuristic solution algorithm is exploited and tested with various numerical problems for its effectiveness and efficiency.